Chicago Painters And Decorators Retiree Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 901034518 ✦ Oak brook, IL ✦ Designated as a 501(c)(9)

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Overview

What is Chicago Painters And Decorators Retiree Welfare Fund?

The Chicago Painters and Decorators Retiree Welfare Fund is a nonprofit organization based in Oak Brook, Illinois, with the address 2625 Butterfield Road 208E. Its mission is to support qualifying retired members of the union by providing reimbursement for healthcare expenses that are not covered by any other medical plans. This fund plays a crucial role in ensuring that retired union members have access to the necessary healthcare services they require.

Is Chicago Painters And Decorators Retiree Welfare Fund legitimate?

Chicago Painters And Decorators Retiree Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chicago Painters And Decorators Retiree Welfare Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Chicago Painters And Decorators Retiree Welfare Fund?

The Chicago Painters and Decorators Retiree Welfare Fund is dedicated to supporting qualified retired union members by providing reimbursement for healthcare expenses that are not covered by other medical plans. The primary goal of the organization is to ensure that retirees have access to necessary healthcare resources to maintain their well-being. The fund serves as a vital safety net for those in need, offering financial assistance to help cover unmet healthcare costs. By providing this crucial service, the organization enhances the quality of life for its members, enabling them to focus on their health and well-being during their retirement years.

Who is the CEO of Chicago Painters And Decorators Retiree Welfare Fund?

Joseph Rinehart is the Trustee of Chicago Painters And Decorators Retiree Welfare Fund.

What is the revenue of Chicago Painters And Decorators Retiree Welfare Fund?

Chicago Painters And Decorators Retiree Welfare Fund's revenue in 2022 was $12,663,109.

Who are the executives of Chicago Painters And Decorators Retiree Welfare Fund and what are their salaries?


Here are 9 key members and their salaries:


Devin Cronin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miles Beatty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Rinehart (Trustee)
  • Compensation: $0
  • Related: $209,084
  • Other: $90,485
Hugo Manzo (Trustee)
  • Compensation: $0
  • Related: $156,903
  • Other: $83,039
Ken Kazaitis (Trustee - Alternate)
  • Compensation: $0
  • Related: $129,320
  • Other: $92,318
Todd Overdorf (Trustee)
  • Compensation: $0
  • Related: $156,879
  • Other: $84,376
Colette Forst (Trustee - Past)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Tamborski (Trustee - Past)
  • Compensation: $0
  • Related: $8,920
  • Other: $0
Susan Drynan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chicago Painters And Decorators Retiree Welfare Fund?

Chicago Painters And Decorators Retiree Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chicago Painters And Decorators Retiree Welfare Fund

Chicago Painters and Decorators Retiree Welfare Fund is a charitable organization dedicated to helping eligible retired members of the union with healthcare expenses not covered by any other medical plans. The fund's primary mission is to provide financial assistance to these individuals, ensuring they have access to necessary medical care and services. By offering reimbursement for uncovered healthcare costs, the organization alleviates the financial burden on its members, enabling them to focus on their wellbeing and recovery. Through its commitment to supporting retired union members, Chicago Painters and Decorators Retiree Welfare Fund plays a vital role in enhancing the quality of life for those in need.

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Impact




October, 2024

The Chicago Painters and Decorators Retiree Welfare Fund significantly impacts the lives of retired union members by alleviating financial burdens associated with healthcare expenses. By offering reimbursements for costs that are not covered by other medical plans, the Fund ensures that retirees can manage their health needs without the added stress of overwhelming medical bills. This assistance fosters a sense of security and well-being among the retirees, allowing them to maintain a better quality of life post-retirement. Furthermore, the Fund reinforces the collective strength of the union by showing ongoing support for its members even after they have exited the workforce.




This information is meant to be a general summary of Chicago Painters And Decorators Retiree Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$12,663,109 (2022)
Expenses
$7,006,994 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,263,788
  • Program Service Revenue: $6,399,321
  • Gross Receipts: $34,860,839

Assets and Liabilities:

  • Total Assets: $149,388,694
  • Total Liabilities: $3,898,863
  • Net Assets: $145,489,831

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$6,399,321

Organization Details

Founding Year

2013

Principal Officer

Joseph Rinehart

Main Address

2625 BUTTERFIELD ROAD 208E, OAK BROOK, IL, 60523

NTEE Category

Code: Y43 - Mutual benefit

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